Is a 80% mortgage on HTB possible?

dush_yant

Hello all,
I am planning to put a 10% deposit and get another 10% from help to buy, which will bring the loan value from the mortgage lender to 80% - is this possible? All the documentation I have read so far seems to indicate that the loan value must be 75% or less?
Thanks

kingstreet

From the HTB Buyer's Guide;-

"This mortgage, together with any cash contribution from you, must be a minimum of 80% of the full purchase price."

It doesn't say anywhere the maximum mortgage is 75%

IIRC there is only one lender with HTB products for over 80% so you might have to work to find an 80/10/10 product.

dush_yant

kingstreet wrote: »

From the HTB Buyer's Guide;-

"This mortgage, together with any cash contribution from you, must be a minimum of 80% of the full purchase price."

It doesn't say anywhere the maximum mortgage is 75%

IIRC there is only one lender with HTB products for over 80% so you might have to work to find an 80/10/10 product.

Thanks. It seems like Barclays it is based on their public website. However TSB seem to be offering 80% LTV for HTB via brokers, but I can't see TSB listed on the gov webpage of approved HTB providers...

kingstreet

I've just tried to source HTB at 80% on Mortgage Brain and am getting five lender options.

None of them is Barclays or TSB.

dush_yant

kingstreet wrote: »

I've just tried to source HTB at 80% on Mortgage Brain and am getting five lender options.

None of them is Barclays or TSB.

Thanks again. Reassuring to see that there is a number of lenders offering it.